Stocks to buy today | Vaishali Parekh’s stock recommendations for today: The key benchmark indices of the Indian stock market etched a second consecutive week of gains, with headline gauges Nifty and Sensex settling the week at 23,146 and 74,729, up nearly 2.78% and 3.11% respectively. This upward momentum drew strength primarily from a revitalised information technology (IT) sector, as tech heavyweights attracted renewed buying interest. A pivotal driver behind the sharp rally in domestic IT equities was the global sector rotation triggered by a sell-off in international AI and semiconductor stocks.
Growing investor scepticism around elevated valuations and delayed monetisation cycles in high-flying AI hardware and chipmakers led global funds to reallocate capital away from overextended semiconductor plays. Indian IT service providers, offering stable execution and attractive valuations, emerged as a preferred defensive destination, capturing redirected global flows.
Stock market today | Outlook for Nifty today
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, believes Dalal Street bias has improved, but the Nifty 50 index would have the important 50-EMA level in the 23,300 zone, which needs to be decisively breached to establish positive conviction.
Speaking on the outlook for the Nifty 50 today, Vaishali Parekh said the 50-stock index, after witnessing initial fluctuations, picked up well and continued its upward move, closing in the green near the 23,150 zone, above the resistance hurdle of 23,100, with bias and sentiment improving.
“The Nifty 50 index would have the important 50-EMA level at 23,300 zone, which needs to be decisively breached above to establish conviction and thereafter, can expect further upward move in the coming days with 22,200 zone positioned as the crucial and major support,” Parekh added.
Indian stock market | Outlook for Bank Nifty today
On the outlook for the Bank Nifty today, Vaishali Parekh said, the key benchmark index witnessed a range-bound session, resisting near the 55,900 level, anxiously awaiting the results of the major banking stocks like HDFC Bank, ICICI Bank and Axis Bank, which shall decide the further course of the movement in the coming days.
“A decisive move above the important 200-period MA at 56,900 level is necessary to establish conviction and thereafter, to anticipate for further rise in the coming days, whereas on the downside, the 54,000 zone shall be positioned as the important support which needs to be sustained to maintain the overall bias intact, the Prabhudas Lilladher expert added.
Vaishali Parekh of Prabhudas Lilladher said that support for the Bank Nifty today is at 23,000, while resistance is at 23,400. The Bank Nifty index would have a daily range of 56,600-55,200.
Vaishali Parekh’s stocks to buy today
Regarding stocks to buy today, Vaishali Parekh recommended three stocks to buy today: Coforge, Lalithaa Jewellery Mart, and Titan.
1] Coforge: Buy at ₹1,950 | Target ₹2,030 | Stop Loss ₹1,900;
2] Lalithaa Jewellery Mart: Buy at ₹371 | Target ₹385 | Stop Loss ₹360; and
3] Titan: Buy at ₹4,480 | Target ₹4,650 | Stop Loss ₹4,400.
Disclaimer: This story is for educational and informational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified financial experts before making any investment decisions.
